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Francis Group
In this Group: Francis Carolina, Francisco Jose, Margarita Concepcion, Fanny Carolina
They are four enterprising small business people like Francis Carolina. She sells Avon cosmetics. She started doing this two years ago, and she also sells ‘nacatamales’ [made from corn meal and stuffed with rice, meat, potatoes, olives, capers, and other ingredients, and wrapped in banana leaves]. To this day she has both of these business activities.

She will use the loan to buy Avon cosmetics and raw materials to make nacatamales. She will buy things like banana leaves, pork, potatoes, rice, spices, and firewood, etc.

Francisco has a business selling used clothes at a market in the capital. Margarita sells soup and cooked beans on the week-ends. Fanny sells hardware items.
View original language description ↓
Son cuatro microempresarios emprendedores como es el caso de Francis Carolina quien vende cosméticos de la Avon. Inicio hace dos años haciendo y vendiendo nacatamales los cuales hasta el día de hoy tiene esas dos actividades, el crédito lo invertirá en la compra de cosméticos Avon, y materia prima para hacer nacatamales como hojas, carne de cerdo, papas, arroz, especies, leñas, etc. Francisco tiene un tramo de ropa usada en un mercado local de la capital, Margarita vende sopas los fines de semana y frijoles cocidos, Fanny vende artículos ferreteros.

Additional Information

About ADIM

Located in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Nicaragua

  • $3,636
    Average annual income
  • 175
    View loans »
    Nicaragua Loans Fundraising
  • $23,201,925
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A portion of Francis Group's $2,100 loan helped a member to buy Avon cosmetics and raw materials like banana leaves, pork, potatoes, rice, spices, and firewood, etc. to make nacatamales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013